Cadeler A/S (NYSE:CDLR) Sees Large Volume Increase – Still a Buy?
by Renee Jackson · The Cerbat GemShares of Cadeler A/S Sponsored ADR (NYSE:CDLR – Get Free Report) saw strong trading volume on Wednesday . 95,408 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 105,234 shares.The stock last traded at $27.11 and had previously closed at $26.27.
Analysts Set New Price Targets
Separately, Fearnley Fonds raised shares of Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on Cadeler A/S
Cadeler A/S Stock Performance
The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market cap of $2.33 billion, a P/E ratio of 7.64 and a beta of 0.68. The business’s 50-day simple moving average is $25.73 and its 200 day simple moving average is $22.61.
Cadeler A/S (NYSE:CDLR – Get Free Report) last posted its earnings results on Wednesday, May 20th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). Cadeler A/S had a return on equity of 18.87% and a net margin of 39.61%.The company had revenue of $144.38 million during the quarter, compared to the consensus estimate of $174.30 million.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CDLR. Rhumbline Advisers boosted its stake in shares of Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after acquiring an additional 675 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Cadeler A/S during the 2nd quarter worth $375,000. Invesco Ltd. purchased a new position in shares of Cadeler A/S during the 2nd quarter worth $4,555,000. Marshall Wace LLP boosted its stake in shares of Cadeler A/S by 30.7% during the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after acquiring an additional 20,079 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Cadeler A/S during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.
Cadeler A/S Company Profile
Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.
The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.